For the full year, Salesforce had $6.67 billion in revenue, up 24% year-over-year. It also raised its full year revenue guidance to $8.12 billion.

Salesforce CEO Marc Benioff said during the earnings call that it signed up two huge 9-figure deals and over 600 7-figure deals in the quarter, resulting in the largest quarterly revenue in Salesforce's history.

Salesforce continues to prove it has a solid cash-generating business, as it brought in $459 million in operating cash flow in the fourth quarter, a 38% increase from last year. For the full year, it generated $1.61 billion in operating cash flow, bringing its total cash reserve to $2.73 billion.

That's showing up it improved profitability, too, a point that Salesforce has been stressing in recent quarters. In fourth quarter, it saw $25.5 million in net loss, down from last year's $65.7 million net loss. For the full year, it decreased its net loss to $47 million from a loss of $263 million the previous year.

"We hit an all-time high in large transactions in fiscal 2016 as more and more companies look to Salesforce as their trusted advisor," Keith Block, vice chairman, president and COO of Salesforce, said in a statement.

It also reported $4.29 billion in deferred revenue and $7.1 billion in unbilled deferred revenue, meaning more than $11.3 billion worth of sales have not been recorded yet.

Salesforce saw its share price cut 20% over the past two months, after reaching a record-high in early December. The drop likely had to do with a broader industry-wide slowdown, after LinkedIn and Tableau each lost almost half of their values post-earnings earlier this month.

Earlier this month, Salesforce revamped its product offerings under the name Lightning and revealed new pricing strategies that increased its price by roughly 20%. The updates are supposed to incorporate some of the technologies it picked up through the acquisitions of Steelbrick and RelateIQ, while enhancing its Service Cloud features.